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Why the Bank of England is struggling to calm markets
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A crisis in UK government debt markets accelerated after a fresh attempt by the Bank of England to extend support to pension funds failed to assuage worried investors.
The UK's central bank said on 10 October that it would increase the daily amounts it was willing to buy in long-dated bonds before ending the program it established last month as scheduled on 14 October. It also unveiled two types of lending facilities aimed at freeing up cash for pension funds beyond the end of the bond buying.
The...
Read more on fnlondon.comAbout this in other media
Bank of England warns mortgage defaults to rise in months ahead theguardian.com /2 years ago
The Bank of England is ‘oblivious to its own role’ in market meltdown says ex-pensions minister Ros Altmann fnlondon.com /2 years ago
The Bank of England’s lifeboat is in choppy waters with its bond buying theguardian.com /2 years ago
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